Keurig Green
Mountain Starbucks
Assets $4,002 $12,446
Liabilities 1,288 6,628
Determine the owners’ equity of each company.
Answers:
Keurig Green Mountain’s owners’ equity: $4,002 – $1,288 = $2,714
Starbucks’ owners’ equity: $12,446 – $6,628 = $5,818